Project estimation techniques e a Top-down High-level chunks at the feature or design level are estimated and are decomposed progressively into smaller chunks or work-packets as information is detailed. pS Three-point This technique uses a mathematical approach as the weighted average of an optimistic, most likely and pessimistic estimate of the work package. — —_y—_ Parametric This technique uses independent measurable variables from the project work. © Bottom-up This technique is used when the requirements are known ata discrete level where the smaller workpieces are then aggregated to estimate the entire project. re Analogous Used when there is a reference to a similar project executed is easy to correlate with other projects by taking expert judgment and historical information of similar activities. * What-If Analysis This project estimation technique uses ‘assumptions based on varying factors to evaluate the possible outcomes of the project by doing impact analysis